On the recordMay 16, 2022
by the time the average American worker retires, they will have worked over 16,000 days. Put another way, by the time an individual reaches the average retirement age in the United States, they will have clocked approximately 133,000 hours-- the point being, Americans work hard to retire comfortably. To help them reach their retirement goals, many employers offer retirement savings and investment plans, commonly known as a 401(k). In fact, 91 million Americans invest in a 401(k). Many of these plans have what is called a brokerage window, which is a tool used by retirement savers to self-select some of the things that they buy within their brokerage account. They can do it themselves. The brokerage company does not do it. Simply put, they get to choose what their hard-earned money is invested in. If someone in Lamar County, AL, is getting up at the crack of dawn, clocking 14 hours at work, and knows their retirement goals and personal circumstances very well, who better to decide how to invest the money they are making? Who better to decide but them? But, as we have seen time and time again, common sense and individual freedoms are the enemy of the Biden administration. The Biden administration has their eyes set on Americans' financial freedom yet again. This time, the Department of Labor is specifically targeting workers' ability to invest their 401(k) savings and assets as they see fit.…
Source
govinfo.gov




